Cetera Investment Advisers Sells 1,601 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Cetera Investment Advisers trimmed its position in shares of BWX Technologies, Inc. (NYSE:BWXT) by 7.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,568 shares of the technology company’s stock after selling 1,601 shares during the quarter. Cetera Investment Advisers’ holdings in BWX Technologies were worth $1,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quent Capital LLC increased its stake in shares of BWX Technologies by 146.6% in the 1st quarter. Quent Capital LLC now owns 254 shares of the technology company’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of BWX Technologies by 77.6% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the technology company’s stock worth $28,000 after purchasing an additional 118 shares in the last quarter. Toth Financial Advisory Corp increased its stake in shares of BWX Technologies by 1,500.0% in the 1st quarter. Toth Financial Advisory Corp now owns 320 shares of the technology company’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. Blue Trust Inc. increased its stake in shares of BWX Technologies by 37.2% in the 2nd quarter. Blue Trust Inc. now owns 446 shares of the technology company’s stock worth $46,000 after purchasing an additional 121 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of BWX Technologies in the 2nd quarter worth $45,000. 94.39% of the stock is owned by institutional investors.

BWX Technologies Stock Up 1.4 %

Shares of NYSE:BWXT opened at $117.42 on Monday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.21. BWX Technologies, Inc. has a 12 month low of $72.91 and a 12 month high of $119.04. The company has a 50-day moving average price of $102.73 and a 200 day moving average price of $97.39. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 42.39, a PEG ratio of 4.25 and a beta of 0.71.

BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 5th. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. BWX Technologies had a net margin of 10.29% and a return on equity of 31.93%. The firm had revenue of $681.50 million during the quarter, compared to the consensus estimate of $639.31 million. During the same quarter last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities research analysts predict that BWX Technologies, Inc. will post 3.2 earnings per share for the current year.

BWX Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, August 16th. BWX Technologies’s payout ratio is currently 34.66%.

Analyst Upgrades and Downgrades

BWXT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on BWX Technologies from $113.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. StockNews.com upgraded BWX Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays lowered BWX Technologies from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, July 24th. Janney Montgomery Scott initiated coverage on BWX Technologies in a research note on Thursday, June 27th. They issued a “buy” rating and a $113.00 price target for the company. Finally, BTIG Research began coverage on BWX Technologies in a research note on Wednesday, June 26th. They issued a “buy” rating and a $110.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $104.86.

BWX Technologies Company Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.